CryptoSlate wMarket Update: Bitcoin trades flat in mute market performance CryptoSlate wMarket Update: Bitcoin trades flat in mute market performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
3 min read
Updated: May. 10, 2023 at 12:40 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In the last 24 hours, the cryptocurrency market cap saw net outflows of around $1 billion and currently stands at $1.14 trillion — down 0.06%.
During the period, Bitcoin (BTC) and Ethereum’s (ETH) market cap rose 0.19% and 0.47% to $535.5 billion and $222.16 billion, respectively.
Tron was the biggest gainer among the top 10 assets. Others like Bitcoin, Ethereum, and XRP posted minor gains of less than 1%.
Meanwhile, Polygon and Cardano fell by more than 2%, respectively.
Source: CryptoSlateThe market cap of Tether (USDT) grew to $82.52 billion. In contrast, USD Coin (USDC) and Binance USD (BUSD) fell to $30.16 billion and $5.79 billion, respectively.
Bitcoin
In the last 24 hours, Bitcoin rose 0.1% to trade at $27,611 as of 07:00 ET. Its market dominance remained rose to 47% from 46.9%.
During the reporting period, BTC continued to trade above $27,500 in anticipation of April’s U.S. Consumer Price Index numbers. Blockchain analytical firm Kaiko has highlighted how the U.S. banking crisis has continued to impact BTC’s liquidity across exchanges.
Source: Tradingview
Ethereum
Over the last 24 hours, Ethereum saw a marginal gain of 0.27% to trade at $1,844 as of 07:00 ET. Its market dominance rose to 19.5% from 19.4%.
ETH mirrored BTC price performance, peaking at $1860 during the reporting period. Earlier in the week, ETH whales like Ethereum Foundation and Vitalik Buterin dumped some of their holdings.
Top 5 Gainers
KAVA
KAVA is the day’s biggest gainer, growing 11.26% over the last 24 hours to $$0.85866 as of press time. The token is up 12% in the previous seven days. Its market cap stood at $440.47 million.
TerraUSD
UST rose 9.72% to $0.01643 as of press time. The failed stablecoin is down 22% over the last 30 days. Its market cap stood at $160.93 million.
Terra Classic
LUNC grew 7.07% over the last 24 hours to $0.00009 as of press time. Its market cap stood at $530.06 million.
LUKSO
LYXe gained 6.77% to trade at $13.8010 at the time of writing. The NFT-related token has risen by 23% over the past month. Its market cap stood at $214.96 million.
Nervos Network
CKB gained 5.09% to $0.00330 over the last 24 hours. Its market cap stood at $134.07 million.
Top 5 Losers
JasmyCoin
JASMY is the day’s biggest loser, falling 19.46% to trade at $0.00540 at the time of writing. Its market cap stood at $257 million.
UMA
UMA dropped 8.9% to trade at $2.64796. Despite today’s drawdown, the token has increased more than 25% over the past month. Its market cap stood at $188.6 million.
iExec RLC
RLC plunged 8.5% to trade at $1.48853as of press time. The AI-related token is experiencing a sell-off, down 14% in the last 30 days. Its market cap stood at $120.57 million.
Stacks
STX lost 7.7% to $0.90 over the reporting period. The BTC layer2 network has shed over 30% in the last 30 days. Its market cap stood at $891.36 million.
WEMIX
WEMIX fell 7.69% to $0.81664 over the reporting period. Its market cap stood at $204.49 million.
Mentioned in this article
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,326.30
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Stacks
$1.92089
Stacks (formerly Blockstack) connects to Bitcoin, enabling you to build apps, smart contracts, and digital assets that are integrated with Bitcoin’s security, capital, and network.
UMA
$2.60048
UMA is a decentralized financial contracts platform built to enable Universal Market Access.
JasmyCoin
$0.02036
JasmyCoin (JASMY) is a digital currency initiative by Jasmy Corporation, an IoT (Internet of Things) provider headquartered in Tokyo.
WEMIX
$0.98502
Wemix is a blockchain based Global Gaming Platform developed by Wemade Tree that issubsidiary company of WEMADE as its flagship blockchain gaming services arm.
iExec RLC
$1.84852
iExec RLC aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need..
LUKSO (Old)
$1.59609
LUKSO, the Blockchain for the new digital lifestyle is created by former Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, developer of web3.js and the Mist Browser.
Terra Classic
$0.00011
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
Kava
$0.46278
Kava is a lightning-fast Layer-1 blockchain featuring a developer-optimized co-chain architecture that combines the two most used permissionless ecosystems – Ethereum and Cosmos – into a single, scalable, network.
Nervos Network
$0.01303
The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols.